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Mahindra & Mahindra March sales crash 88% YoY amid covid-19 lockdown

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MUMBAI: Mahindra & Mahindra Ltd on Wednesday said its total vehicle sales, including exports, have crashed 88% year-on-year amid pan-India lockdown to contain covid-19 pandemic.

The company reported total sales at 7,401 units in March as against 62,952 units a year ago. Its domestic sales plunged 90% to 6,130 units, down 90% YoY.

M&M’s total domestic sales in March last year were at 59,012 units. M&M’s passenger vehicle sales were at 3,384 units in March, down 88% YoY.

The drop was primarily driven by its utility vehicle portfolio, which accounted for sales of 3,111 units last month as against 25,801 units from a year ago.

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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
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Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
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